Miniso Group Holding Ltd Stock Price, News & Analysis

MINISO Group Holding Limited (NYSE: MNSO) will release its financial results for the March quarter 2022 on May 26, 2022, before U.S. market opens. A conference call is scheduled for 8:00 A.M. Eastern Time on the same day, where management will discuss these results. The call can be accessed via Zoom or by dialing specific numbers provided in the press release. MINISO has established itself as a recognized retail brand since its inception in 2013, focusing on design-led lifestyle products and an engaging shopping experience for consumers.

MINISO Group announced its financial results for Q2 FY2022, reporting revenue of RMB2,772.8 million (US$435.1 million), a 20.7% year-over-year increase. Gross profit reached RMB862.9 million, 34.2% higher than last year, with a gross margin of 31.1%. Operating profit was RMB255.4 million, with profit for the period at RMB184.1 million, a significant increase from RMB20.8 million in Q2 2020. The number of stores grew to 5,045. CEO Guofu Ye expressed confidence in future growth, despite ongoing challenges from the pandemic.

MINISO Group Holding Limited (MNSO) announced that it will release its December quarter 2021 financial results on March 3, 2022, before U.S. markets open. The management will hold an earnings conference call at 7:00 A.M. ET on the same day to discuss the results. The call will be accessible via Zoom and through multiple dial-in options. MINISO is recognized for its affordable, design-led lifestyle products and has rapidly expanded its global store network since 2013.

Carmila reported a strong financial performance for 2021, with recurring earnings per share at €1.24, exceeding guidance and up 3% from 2020. A cash dividend of €1.00 per share is proposed, along with a new €20 million share buyback program. The company anticipates 10% annual growth in recurring earnings for 2022 and 2023. A solid balance sheet is bolstered by a loan-to-value ratio of 37.4% and an EPRA Net Disposal Value of €22.99 per share. The strategic plan aims for sustainable growth and net zero emissions by 2030.

Facedrive Inc. announced a change in its senior management, with Nastassia Law resigning as Chief Financial Officer, effective March 4, 2022. She will assist in transitioning to Jason Xie, who previously served as Vice President of Operations and Finance. Xie brings over 15 years of financial management experience and has led the establishment of new internal financial controls since joining in 2021. This transition aims to better integrate finance with operations, aligning financial management with accounting standards relevant to technology platforms in the gig economy.

Lifestyle retailer MINISO has successfully raised $153,300 through its 'Take Penpen Home' campaign in collaboration with ECOAN, a Peruvian NGO, to support a reforestation program in the Andes mountains. Over the next 15 months, 115,000 trees will be planted, enhancing climate resilience. The campaign, launched in November 2021, saw strong consumer participation with 15% of plush toy sales attributed to the MINI Pen plush toy, underscoring public commitment to environmental causes. With over 100 stores in Latin America, MINISO continues to expand its socially responsible initiatives.

MINISO Group has authorized a $200 million share repurchase program effective until September 21, 2022. The program aims to buy back its Class A ordinary shares and American depositary shares using surplus cash. Repurchases will occur through market transactions, block trades, or other legal means, depending on market conditions. The board will periodically review and adjust the program's terms. This initiative reflects the company's strategy to enhance shareholder value by optimizing its capital structure.

MINISO has reported a successful year in Italy, having opened 10 stores since April 2021, including a flagship outlet in Vulcano Buono Centre. The retailer plans to launch 4 more locations this year and expand to Milan in 2022. The brand attributes its success to effective localization strategies, collaborating with local influencers, leading to a tripling of sales in Italy. As of November 30, MINISO operates 169 stores across Europe, having rapidly expanded to 4,871 stores worldwide by September 30, 2021.

MINISO has expanded its retail presence in the U.S. by opening six new stores on November 27, 2021, under its '$10 N' Under' concept, predominantly along the east coast. The new stores are located in Delaware, Virginia, New Jersey, New York, and Texas, offering products priced at or below $10. The flagship store in Flushing is set to open next year, complementing a pop-up in SoHo, New York City. This initiative aims to enhance MINISO's understanding of local consumer preferences and expectations.